16 November 2007

Clean Tech: Another Record-breaking Year for Investments

The Financial Times reports today that 2007 was another record-breaking year for investments in Clean Technology:

"Nick Parker, chairman of the Cleantech Group of analysts, said: 'There is no doubt this year will break records in terms of the amount invested. But this year will also be notable for the amount of commercial take-up of clean technologies.'

"Last year, more than $4bn (£1.9bn) of venture capital was invested in environmental technologies such as renewable energy, water technologies and carbon reduction technologies. The sector is now the biggest recipient of venture capital funds in the US, and in the first three quarters alone about $3.8bn of venture capital was invested, Mr Parker said."

"Such large flows of capital are now pouring into clean technology in response to record high energy prices and governments' perceived willingness to regulate carbon. Total investment, not just venture capital, in 'clean' or low-carbon technology reached $74bn last year, according to Michael Liebreich, founder of New Energy Finance, a consultancy."

Read the full article: Financial Times

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